NOT FINANCIAL ADVICE. This is my first ever attempt to jump onto the Wyckoff's method bandwagon after spending weeks of reading and testing. This post is as much an effort to figure out $ZILUSD's trend as it is to grow my understanding in this school of thought. As such, I welcome all feedbacks, criticisms, advices, and where I might have erred a thing or two,...
NOT FINANCIAL ADVICE Immediate resistance (where sellers are at) = $43k Immediate support (where buyers are at) = $29.9k While prices may have seen some bounce lately to much cheer by some in the cryptoverse, alas it may turn out to be a dead cat bounce. My apologies to all feline lovers out there! Allow me to present my case: Corroboration #1:...
NOT FINANCIAL ADVICE Be warned that this post contains an extremely bullish count for $ZIL, unlike my previous post , which was counted with a hint of bearishness. Let's put aside that bearish possibility for a while, because in the macro trend $ZIL is bullish! As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change...
NOT FINANCIAL ADVICE Have we seen the top for $DOGE? Did SNL's skits played into Dogecoin's fall? Were whales responsible for the flash crash (massive short sells)? Back to Ralph Nelson Elliot's teachings.. If this is a top, then expect $DOGE to visit the 61.8 retracement levels with TP $0.29 in the midterm. At the moment it has crossed 32.8 fib levels...
NOT FINANCIAL ADVICE With the SuperCycle starting all the way from Dec 2018, we see a beautiful $ETH 3 waves movement over the years. Considering that we have yet to see any proper Wave 4 pullbacks, this also plays into the hands of a potentially sumptuous Wave 5 ($15k???), on the Supercycle! But focusing back onto this Wave 3 underway, a quick fib extension...
NOT FINANCIAL ADVICE I'm noticing a weird occurrence of the Doji on the Daily for $DOGE, that it pumps everytime you see one. What are the odds that the current Doji results in a pump, considering: - nothing else meme-able at the moment (not GME, not TSLA, not AMC.. ) - Elon Musk appearing on SNL in a few hours - BTC moving sideways, meaning alts pumping Btw,...
NOT FINANCIAL ADVICE . Zilliqa's is uptrending, in a good way. From Mar 2020s all-time lows, we have had an insane trip breaking previous all-time highs. There's also a seemingly neverending list of projects and partnerships being announced every week these days. On Twittersphere, #ZilFam is growing fervently and the community is never bigger. The best news...
NOT FINANCIAL ADVICE In this Ichimoku Cloud study, here are three bearish signals that we can clearly see on bitcoin's daily chart: 1. Price action playing out within the Kumo cloud, hitting Senkou Span A (leading Span A) resistance and trending down 2. Tenkan sen (blue conversion line) crossed the Kijun sen (base line) and trending down 3. Chikou span...
NOT FINANCIAL ADVICE. In this study piece of $THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below: Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level. That is until it finally broke...
What does divergences tell you? That while price action are making highers highs and higher lows, the buying pressure is decreasing steadily, which is almost always a signal for a reversal -- aka a bearish trend incoming. Not since late Aug 2020 till early Oct 2020 did we see a slightly prolonged bearish trend stretching more than a month And do you remember...
With $BTC expected to hit a consolidation point or minor pullbacks.. ...the stage is set for Alt Season 2021! And we have $VET here that is endlessly retesting ATHs ever since the turn of this year. While 5th Waves are characteristically related to FOMO, we can clearly see that the 'energy buildup' is increasing ever since late March. I will not be...
In this recent study for $VETUSD, we were waiting for price action to touch our TP -- and it did: A successful movement into Wave 5 territory has been fulfilled, but has it actually completed? Are we now entering a pullback or corrective trend? If so, what are the levels for us to watch out for? Here's a theoretical pullback levels -- assuming we have fully...
NOT FINANCIAL ADVICE. In this elliot wave analysis, $NEOUSD looks to be on a Wave 5 underway with a TP of $91.65 highs from its Mar 2020 lows. With NEO Blockchain 3.0 genesis block around the corner, there is good momentum for this token.
NOT FINANCIAL ADVICE. Wouldn't it be fun if we could just go wild with our $ZIL price predictions? For this thought exercise I wouldn't bore you with the details of fib retracements, extensions and motive/corrective waves considerations that were employed here. THE FORECAST So I wanted to have some fun at predicting the price action for $ZIL in the next...
NOT FINANCIAL ADVICE. Who's Bitcoin's saviour this time round? Who's the one that will elevate price action towards higher highs? Michael Saylor, Paypal, Elon Musk, Biden's stimulus have all played their trump, no pun intended, cards. As inflation fears subside (what inflation?), so has this unique asset class's dizzying rally since March 2020's lows. Is...
NOT FINANCIAL ADVICE In this previous chart (shared below), I anticipated that if $ZIL broke $0.19 resistance, that we might be in a 'fake' correction -- and it turned out so, as price action carried the momentum towards an extended fifth wave: So the recent pullback actions (mid-Feb to early-Mar) were not sustained enough nor strong enough to warrant a full...
NOT FINANCIAL ADVICE. On the hourly chart, we can clearly see that sell pressure is relentless. The MACD is showing that even though selling pressure decelerated, it is again picking up acceleration to the downside. Bearish outlook. The RSI reversed upwards slightly as it almost slipped into 'safe' territory, but is showing momentum back towards sell pressure....
NOT FINANCIAL ADVICE Now Justin Sun may not have the cleanest of blockchain records, and may have rubbed some people the wrong way, but make no mistake that Tron Protocol itself is quite usable. Its fundamentals may have changed somewhat, post pandemic as it 'embraced' DeFi and began on a journey of self-rediscovery, especially on the wings of $USDT use. Let's...